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Please do fast State whether the following are True or False. Be sure to briefly explain your reasoning using written, graphical or mathematical arguments a.

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State whether the following are True or False. Be sure to briefly explain your reasoning using written, graphical or mathematical arguments a. A country with an initial negative net international investment position must run current account surpluses in all future periods. b. The intertemporal theory of the current account with one asset, that we developed in our course, is consistent with Gourinchas and Rey's explanation for why the United States had a negative net international investment position, but positive investment income for many years

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